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Roosevelt and The New Deal
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Election of 1932 Winner- Franklin Roosevelt The New Deal
Political Experience Personality and Disability Reform minded Overwhelming victory! The New Deal Was not idle during 4 month waiting period Created “Brain Trust” and “Black Brain Trust” Promised the American people “A New Deal” Election of 1932
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The Hundred Days Bank Holiday, March 5 March 9- June 16, 1933
Period of intense political activity New Deal legislation Fireside Chats Radio show Issues of public concern Clear, simple language The Hundred Days
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The Hundred Days Banking and Finance Regain public’s trust in banks
Glass-Steagall Act (attempt to reorganize banking) Established Federal Deposit Insurance Act (FDIC) Federal Securities Act Provide complete information on all stock offerings and made them liable (responsible) for any misrepresentation Securities and Exchange Commission (SEC) Raise taxes by taxing alcohol The Hundred Days
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Hoover vs. FDR
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Ready for some “Alphabet Soup?”
AAA CCC NIRA HOLC NRA FHA FERA Ready for some “Alphabet Soup?”
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Helping the American People
Rural Help Agricultural Adjustment Act (AAA) Raise prices, lower production Work Projects Civilian Conservation Corps (CCC) Work building roads, developing parks, planting trees, help in soil-erosion and flood control projects Segregation in Virginia National Industrial Recovery Act (NIRA) Money for states to create jobs in the construction of schools and other community buildings Civil Works Administration (CWA) 4 million immediate jobs Helping the American People
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Home Owners Loan Corporation (HOLC)- provided government loans to homeowners who faced foreclosure because they could not meet their loan payments Federal Housing Administration (FHA)-furnish loans for home mortgages and repairs. Federal Emergency Relief Administration (FERA)- provide direct relief to the needy National Recovery Administration (NRA)- set price of products and established standards Promote fair practices, promote industrial growth Other Programs
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Money buys food…hard work gains confidence
Harry Hopkins
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"The country needs and, unless I mistake its temper, the country demands bold, persistent experimentation. It is common sense to take a method and try it: If it fails, admit it frankly and try another. But above all, try something." FDR 1932
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Review of FDR’s Legislation
Review of FDR’s Legislation
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Conservative Critics:
Dr. Francis Townsend Charles Coughlin Huey Long Conservative Critics: appeal to poor Americans
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Critics of the New Deal New Deal under attack Deficit Spending
A necessary evil When is it used? John Keynes Stimulate Economy Spend our way out of the Depression Did the New Deal end the Depression? Critics of the New Deal
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Critics of the New Deal Huey Long Charles Coughlin
“Share Our Wealth” – high taxes on the wealthy and redistribute income Assassinated by a political enemy Charles Coughlin Attracted listeners on his radio show Views became too extreme and was forced to cancel show Critics of the New Deal
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Critics of the New Deal Francis Townsend
federal government provide $200 to citizens over the age of 60. Money would filter to the rest of the country and produce a recovery. Held meetings called “Townsend Clubs” Critics of the New Deal
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Critics of the New Deal Liberals Conservatives
New Deal did not go far enough to help the poor Roosevelt spent too much time on direct relief Did not do enough to reform the nation’s economic system Used New Deal policies to control business and socialize economy Gave the federal government too much control over agriculture and industry Critics of the New Deal
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The Supreme Court NIRA is unconstitutional
Declared law gave legislative powers to the executive branch Outside of federal government’s constitutional powers to regulate interstate commerce AAA should be regulated by state not federal government “Court Packing Bill” (1937) Why did he propose it? Appoint 6 new justices Violation of separation of powers? How did Roosevelt get his way? The Supreme Court
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American Liberty League
Conservatives in 1934 Wanted to defend and uphold the Constitution Opposed the New Deal Violated respect for rights of individuals and property American Liberty League
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